Bed, Bug & Beyond! · repositioning of the properties in the then emerging markets of Newark and Harlem (including the building where Former President Bill Clinton maintains his offices)

Sensible Solutions for Leases During Challenging Times

Bed, Bug & Beyond! Everything You NEVER Wanted to Know

About Bedbugs & Were Afraid to Ask!

www.freeleaseanalysis.com

Leasing Trade Secrets & Other Truths

Presented by Larry Haber Colgate Real Estate Advisors LLC

Chief Executive Officer Attorney & CPA

www.colgaterea.com

Overview

Introduc)on…

Chapter 1

Chapter 2

Chapter 3

Chapter 4

Chapter 5

Chapter 6

Chapter 7

Chapter 8


AGMB’s “Not So Great 8” List of Everything You Need To Know About Bed Bugs!

Point #1

Point # 2

Point #3

Point #4

Point #5

Point #6

Point #7

Point #8

Larry H. Haber Attorney & Certified Public Accountant Larry Haber is both managing partner of the commercial real estate department of Abrams Garfinkel Margolis Bergson, LLP and the Chief Executive Officer and founder of Colgate Real Estate Advisors LLC. On behalf of Colgate, Larry represents both tenants and landlords, primarily focusing on commercial lease negotiations, restructurings, reviews and audits as well as tenant retention, relocation and due diligence advisory services. Larry takes great pride in providing his clients with the power to make knowledgeable decisions concerning their business and individual needs. Combining decades of commercial real estate ownership with a professional background in law, accounting, commercial brokerage, property management, planning and development, Larry and his team can be the difference in helping you navigate the challenging times that lie ahead in your life or business. Having sat on all sides of the negotiating table, Larry firmly believes that he and his team of real estate professionals have an increased business understanding of the mindset of all parties to a transaction, and consequently, a competitive edge that will only enhance his client’s bargaining position.

In addition to maintaining a law practice for nearly 25 years, Larry was a co-founding partner of a full service commercial real estate firm specializing in the development, ownership, management and leasing of commercial and high-rise residential properties. As General Counsel and Chief Administrative Officer, Larry’s primary responsibilities were the review, preparation, negotiation and analysis of commercial leases, construction, purchase, sale, operating, acquisition, AIA and employment agreements as well as loan documents and other related commercial agreements. Ancillary to the aforesaid legal responsibilities, Larry was intimately involved-on the business side-in the acquisition, renovation, leasing and management of the firm’s portfolio, including the upgrading and repositioning of the properties in the then emerging markets of Newark and Harlem (including the building where Former President Bill Clinton maintains his offices).

Larry lives on Long Island with his wife and their four sons. In addition to his passion for them, his work, sports and music, Larry devotes a significant portion of his energy co-chairing and actively participating in charities focused on raising awareness, tolerance, acceptance and sorely needed funds for children with autism and other disabilities. Please refer to www.facebook.com/BraveGoals4Autism or www.ayabany.org or the trailer to the short film “Making a Difference” for more information (2010 New York International Independent Film and Video Festival Best Educational Documentary -Trailer to Film: www.youtube.com/user/AYABANY).

www.colgaterea.com & www.freeleaseanalysis.com

Introduction Everything You Wanted To Know About Bed Bugs But Were Afraid To Ask!


Playing off of Andy Rooney from 60 Minutes, whoever came up with the line “cute as a bug”?

Bed Bugs have made a comeback in large part due to people and goods traveling the World far and wide more than ever. Think of them as the accidental tourist, as they are nocturnal , small, can go without food for nearly 6 months, and consequently, they are the perfect stowaways in luggage and shipping crates!

Introduction Continued….


Tenants & Landlords alike need to create an Integrated Pest Management Program (aka: IPM) to deal with this growing problem. Ideally, an IPM will

combine a variety of practical techniques and products posing the lowest risks to the environment, your employees and family members.

Without further ado, on to AGMB’s

list of everything you wanted to know about Bed Bugs but were afraid to ask! :


Chapter 1

POINT #1: KNOW YOUR ENEMY!

Make sure you know what a bed bug looks like! They can be flat as a piece of paper or like an animated blood drop. Regrettably, the most common form of Bed Bugs are found in homes and buildings throughout the Northeastern United States! Also know they are like, with props out to the B-52’s, a “Party Gone Out of Bounds”, as you very well will find Bed Bugs young and old alike along with their eggs in the same location.

Chapter 2


Point # 2: Bed Bugs enjoy the Four Seasons and like to breed year round. Their lifespan is generally 10 months to a year and a female can lay 200-400 eggs in that time.

Chapter 3


POINT #3: Because the range differs greatly as to how people react to their bite and how some are and some are not aware they have been bitten, the presence of Bed Bugs can go undetected for months! And because they, unlike Dracula, can survive up to 6 months without a little nosh of blood, Bed Bug infestations thrive in vacant or seasonally used offices and buildings.

Chapter 4


POINT #4: I don’t want to make it as if Bed Bugs are Like Elvis, you know like everywhere, but to properly inspect for their presence, a room needs to be examined thoroughly in a logical pattern.

Aside from the seams and tufts of a mattress, once they get a bit of traveling on their minds bed bugs are commonly found in gaps behind base boards, pictures, window and door casings, wallpaper and other similar shelters. Look for the bugs themselves, the skin they shed and their eggs near crevices and using a flashlight, make like Sherlock Holmes and inspect both behind and underneath furniture, woodwork and anything attached to or leaning against a wall. Channeling Mick Jagger, other places that bed bugs look for a little Gimme Shelter include areas behind electrical switch plates and cracks in plaster, underneath rugs and edges of carpet and even inside newly delivered furniture-which by the way if you have a case of “Invasion of the Body Snatchers Paranoia”, inspect that furniture OUTSIDE of your office!


Chapter 5

POINT# 5: All Tenants must not only practice being a 3 headed version of Mr. Clean and T.V. sitcom icons Alice & Hazel, they should insist that Landlord’s implement at the Landlord’s own cost an IPM Program throughout their office building. Cleaning is the foundation of getting rid of and preventing bed bugs.

Attempt to have the landlord’s cleaning specs for the Building to include on their dime vacuuming on a regular basis! Most don’t even come close to including this. Bed bugs are vertically challenged and can’t fly, nor do they jump, so having furniture away from any wall will make it harder for the creepy crawlers to stay off of your bed, couch chair, desk and other furniture. Simply put, where feasible try and make any piece of furniture an island on to itself!


Chapter 6

POINT # 6: Seal Crevices, fill in cracks in furniture, replace or repair peeling wallpaper, and because Bed Bugs travel along routes created by pipes and conduits, paraphrasing the Talking Heads, turn those paths into a Road to Nowhere by sealing any openings into your building, office or home where pipes, wiring or other utilities enter.

Chapter 7


POINT #7: Quoting Ben Franklin, “diligence is the mother of good luck”! As long as diligence is practiced using an IPM approach, elimination of any bed bug infestation should hopefully occur. Remember the acronym I.I.C.R.R. (Indentify, Inspect, Clean, Remove & Repair)! If hiring a P.M.F. (better known to some as a PEST MANAGEMENT PROFESSIONAL or an EXTERMINATOR), make sure they follow an IPM Approach & if using pesticides, please choose the least toxic one available. Unless of course like Robert Duval in Apocalypse Now, you love the smell of napalm or its equivalent in the morning!


Chapter 8

POINT #8- For more pointers on Bed Bugs-including tips for those who are travelling, please go to WWW.NYSIPM.CORNELL.EDU

For More Information:

Larry Haber Attorney & CPA [email protected] C: 917-362-9413 O: 212-993-8681

Website: www.colgaterea.com www.nyleaserestructuring.com

www.freeleaseanalysis.com Twitter: @theleaseguru

1430 Broadway-17th Floor New York, NY 10018

6800 Jericho Turnpike Syosset, NY 11791

5900 Wilshire Boulevard-Suite 2250 Los Angeles, CA 90036


Please call for details regarding a FREE LEASE ANALYSIS

and preliminary audit of your current commercial lease!

CIRCULAR 230 DISCLOSURE: Pursuant to Regulations Governing Practice Before the Internal Revenue Service, any tax advice contained herein is not intended or written to be used and cannot be used by a taxpayer for the purpose of avoiding tax penalties that may be imposed on the taxpayer.

Attorney/Professional Advertising & Disclaimer: The content of this presentation is intended for informational purposes only. It is not intended to solicit business or to provide legal advice. Laws differ by jurisdiction, and the information on this presentation may not apply to every reader. You should not take, or refrain from taking, any legal action based upon the information contained in this presentation without first seeking professional counsel. Your use of the presentation does not create an attorney-client relationship between you and Colgate Real Estate Advisors and/or Abrams Garfinkel Margolis Bergson, LLP and/or Larry H. Haber, Esq., CPA. Prior Results Do Not Guarantee Future Success!

Documents

Bed, Bug & Beyond! · repositioning of the properties in the then emerging markets of Newark and Harlem (including the building where Former President Bill Clinton maintains his offices)